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Investment ATRIA SOFO SUITES @ DAMANSARA JAYA, by OSK Prop Holdings Bhd

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1ullaby
post Oct 11 2011, 10:01 PM

What The ...
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QUOTE(Loopster @ Oct 11 2011, 09:32 PM)
Excuse my ignorance on SOHO/SOFO hmm.gif . Assuming one invests to purchase 1 unit say for RM400K, and later decides to flip for RM500 K. Could someone enlighten me/others on who would purchase a SOHO/SOFO, let alone one which costs RM500K for lets say 600sf? Who would want to rent one? Maybe teachers from outstation, architects or designers, single people? I know there are quite a few soho's here and there but unsure of the market perception. Anyone care to comment, thanks  smile.gif
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I really dont see this as a trend. I see this as developer exploiting the lack of clarifications and guidelines from the authorities and
numerous loopholes while taking advantage of the hot market. (facilities, carparks, plot ratios, disbursement schedules, construction duration,
commercial/retail guidelines, management and security is not clear also)

there will be genuine interest in these development but to me most will be used for residentials / storage place / office.
why not build service apts (this is bs also, msian service apts), or condos, or offices. why so many SOxx ??? just to squeeze xtra drops of profits of coz.
1ullaby
post Oct 12 2011, 10:10 AM

What The ...
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QUOTE(Loopster @ Oct 12 2011, 09:26 AM)
Lullaby: you could be right but you never really know anyway as we are not the developers. i suppose the genuine interest here is the investors/speculators. The real interest here i really dont know. Dont tell me its called SOHO/FO & the majority of the units are bought for stay?

Nevertheless, im interested for 1 reason only: location  nod.gif
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You are right, I'm just saying that these kind of things can be exploited by the developer, not saying that not that all of them did.

Genuine interest here I refer to freelancers / mlm / small biz ppl who genuinely wanna utilize the flexibilities of such set-up.

To me those buying for own stay, maybe the reasons are they dont have much choice in terms of size and location , or simply its
investment cum home stay.

But largely I am thinking that investors / flippers will form the majority of buyers.

Given a choice, I wont go for SOHO, unless there's genuine USP and I cant get a similar product in the vicinity.

 

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